The Bank of Queensland is responsible for the popular Q Rewards Frequent Flyer Rewards Program. This means that if you have a credit card with the bank you'll usually be automatically signed up with the program. There are some cardholders who may not qualify for the rewards scheme so you should check with the bank before you apply.
What is the Q Rewards program?
The Q Rewards Program allows you to earn points for everything that you spend on the card. The rewards on offer include everything from shopping vouchers to flight vouchers. The great news for consumers is that this rewards scheme is free. You don't have to pay anything extra to reap the rewards.
Typically you'll earn from 1.5-2 points per every $1 that you spend on the card. This will depend upon what type of credit card you have with the bank. There are Blue, Gold and Platinum options. As with all credit cards, the Gold and Platinum cards come with more rewards and higher points. For every $1 spent on the Gold and Platinum cards for example, you'll earn 2 points instead of 1 or 1.5.
The flight vouchers on offer can be used with the most prestigious companies such as Virgin and Jetstar. If you're hoping for a particular flight then you may end up disappointed. Even when you have enough reward points, flights are subject to availability so you won't always get your first choice of flight options.
How are points earned on the program?
You earn points for every $1 that you spend on your credit card. The thing to remember is that you'll need quite a lot of reward points before you can redeem any actual rewards. If you're interested in $50 shopping vouchers for example, you'll likely need thousands upon thousands of points.
There's a cap to the amount of points that you can earn on this program, however the cap is quite high so it shouldn't affect most consumers. Just remember that while you're getting access to a frequent flyer rewards program, you probably won't earn a lot of free flights each year.
The amount of points that you'll need for these rewards is high so it will take a while to save them up. On the plus side, your points won't expire. While there's a cap on how many you can earn, there aren't any restrictions on how long it takes you to earn them.
Who can apply for the Q Rewards Frequent Flyer rewards program?
You'll need to be at least 18 years of age before you can apply for a credit card with the bank. The different levels of card will also require a different level of income. For example, the Platinum card will require you to have a much higher minimum salary than the Blue card.
This needs to be taken into consideration. You also need to be an Australian resident to apply for a credit card with The Bank of Queensland. As long as you meet this criteria you stand a great chance of getting accepted for the Q Rewards Frequent Flyer Program.